Will SGOCO Group Ltd (SGOC) Short Squeeze Soon?

July 17, 2017 - By Maria Brooks

The stock of SGOCO Group Ltd (NASDAQ:SGOC) hit a new 52-week low and has $1.06 target or 8.00 % below today’s $1.15 share price. The 8 months bearish chart indicates high risk for the $12.18 million company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $1.06 price target is reached, the company will be worth $974,400 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 19,187 shares traded. SGOCO Group Ltd (NASDAQ:SGOC) has declined 59.30% since July 17, 2016 and is downtrending. It has underperformed by 76.00% the S&P500.

More notable recent SGOCO Group Ltd (NASDAQ:SGOC) news were published by: Prnewswire.com which released: “SGOCO Group, Ltd. Signed a contract with Hong Kong Aircraft Engineering …” on June 20, 2017, also Prnewswire.com with their article: “SGOCO Group, Ltd. Announces the Reverse Stock Split of its Ordinary Shares” published on January 22, 2016, Prnewswire.com published: “SGOCO Group, Ltd. Signed a BocaPCM-TES Contract with Differ Commercial …” on November 11, 2016. More interesting news about SGOCO Group Ltd (NASDAQ:SGOC) were released by: Prnewswire.com and their article: “SGOCO Group, Ltd. Signed a Project Development Agreement with Nano and …” published on December 19, 2016 as well as Prnewswire.com‘s news article titled: “SGOCO Group, Ltd. Announces Closing of US$1000000 Registered Direct Offering” with publication date: April 12, 2017.

SGOCO Group, Ltd. is a holding company. The company has market cap of $12.18 million. The Firm is focused on developing its own-brands and distributing its branded products in the Chinese flat-panel display market. It currently has negative earnings. The Company’s main products are liquid crystal display /light emitting diode (LED) monitors, All-in-One (AIO) and Part-in-One (PIO) computers and other application-specific products.

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